Page 3 - Offshore Exploration News Today

Answer: well, not if taxes take all “its” benefits. The new Anti-Inflation legislation in the U.S. appears to be a victim of pandemic stupidity among governments.

Mubadala Energy confirmed the discovery of a good quality gas reservoir penetrated by the Cengkih-1 exploration well in Block SK320, off the coast of Sarawak province, offshore Malaysia.

The Biden administration on Monday moved to stiffen offshore oil drilling safety measures that were imposed in the wake of the Deepwater Horizon disaster but later eased under former President Donald Trump.

Neptune Energy and its partners announced a new commercial oil discovery at the Ofelia exploration well (PL 929), close to the Gjøa field in the Norwegian sector of the North Sea.

Buoyed by five reliable producing fields, another under development and one close to FID, along with seismic data indicating potential for additional significant finds, the Newfoundland and Labrador offshore sector is poised for noticeable growth over the next few years.

A longtime hotbed of global politics, Arctic E&P operations these days are more fractured than ever. Hydrocarbon-triggered opposition from activists and governments, national geopolitical interests, and the omnipresent demand to produce oil and gas have shattered the circle into pieces.

Pay-to-play time is likely nigh in Guyana, as the tiny nation appears poised to flex the economic muscle that comes with the rapid ascension from an obscure extra to a starring role on the world petroleum stage.

TotalEnergies and Eni made a significant gas discovery at the Cronos-1 well, in Block 6, offshore Cyprus. This discovery follows the Calypso-1 discovery made on the same Block in 2018.

South Africa expects TotalEnergies SE to submit a production plan within weeks to utilize a prolific offshore gas discovery that will form a key part of increasing investment in the sector.

Britain needs to keep developing new oil and gas fields in the North Sea even as it rolls out major offshore wind and carbon capture and storage projects across the country, according Shell’s UK head of upstream.